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Pastimes : Crazy Fools Chasing Stocks w/5-letter Symbols Ending in F

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To: ms.smartest.person who started this subject7/31/2000 11:25:14 AM
From: ms.smartest.person  Read Replies (1) of 307
 
[American Depositary Receipts (ADR)]

An ADR is a receipt that is issued by a United States depository bank which represents shares of a foreign corporation held by the bank. ADRs are quoted in U.S. dollars and trade just like any other stock. ADRs are created to facilitate transactions and transfers of ownership of foreign securities in the United States
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